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GA Questions Asked in SBI PO Main 2019 (MCQs with Detailed Solutions)

S1. Ans.(c) Sol. The Government of India, the Government of Kerala and the World Bank signed a Loan Agreement of USD 250 million for the First Resilient Kerala Program to enhance the State's resilience against the impacts of natural disasters and climate change. The 2018 floods and landslides in Kerala led to severe impact on property, infrastructure, and lives and livelihoods of people. S2. Ans.(a) Sol. Finance Minister Nirmala Sitharaman, in the Budget 2019 speech, announced that the public sector banks (PSBs) will be provided with a capital infusion of Rs 70,000 crore, giving a much-needed boost to the stressed banks who are under pressure owing to the rising NPAs'. S3. Ans.(e) Sol. The new initiative has been aimed to empower the women in Aviva to fulfil their professional and personal goals. Aviva Life Insurance has announced the launch of 'Wings', a specially designed mentorship program to empower the female workforce. S4. Ans.(b) Sol. Bank of Maharashtra (BoM) has partnered with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting. TReDS is a digital platform to support micro, small and medium enterprises (MSMEs) to get their bills financed at a competitive rate through an auction where multiple registered financiers can participate. S5. Ans.(d) Sol. Railways received a budgetary allocation of Rs 65,837 crore and highest ever outlay for capital expenditure amounting to Rs 1.60 lakh crore in the Budget for the year 2019-20 presented, which includes a whopping 200 per cent increase in funds for passenger amenities. Last year, the outlay for the railways was Rs 1.48 lakh crore while the Budget allocation was Rs 55,088 crore. In the interim Budget, the allocation was Rs 1.58 lakh crore. S6. Ans.(a) Sol. Abhijeet Gupta is an Indian chess player with the title of Grandmaster. Gupta is the first player to win the title of Commonwealth Chess Champion four times. S7. Ans.(e) Sol. National record holder Dutee Chand became the first Indian woman track and field athlete to clinch a gold medal in the World Universiade after she won the 100m dash event in Italy. S8. Ans.(b) Sol. Mukhyamantri Yuva Swabhiman Yojana launched in Madhya Pradesh. S9. Ans.(e) Sol. Finance Minister Nirmala Sitharaman haslowered the fiscal deficit target to 3.3 per cent for the current fiscal from the earlier

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estimate of 3.4 per cent of the GDP. S10. Ans.(c) Sol. Karnataka State government has launched a major water conservation scheme titled ‘Jalamrutha’, which focuses on drought-proofing measures, including protection and rejuvenation of water bodies. The scheme was initiated by the Rural Development and Panchayat Raj Department and was cleared by the State Cabinet. Chief Minister H.D. Kumaraswamy launched the scheme in Bengaluru. S11. Ans.(e) Sol. India skipper Virat Kohli emerged as the International Cricketer of the Year at the CEAT Cricket Ratings awards which were presented, in Mumbai. The 30-year-old cricketer had a memorable last season with the bat. S12. Ans.(d) Sol. The Northeast Frontier Railways' (NFR) PLAN BEE won the Best Innovation Award on 9 July. It has adopted a unique strategy to keep wild elephants away from train tracks. In the forest area of Assam, elephants would often come in the way of speeding trains and die as a large portion of rail tracks passing through forested areas. In a bid to tackle the problem NFR came up with 'Plan Bee' in 2017. S13. Ans.(c) Sol. The International Day of Happiness 2019 was celebrated on 20th March 2019. It was also celebrated with the central theme – “Share Happiness and be a part of Something Amazing”. The aim of this year's International Day of Happiness was to spread happiness in everyone's life. S14. Ans.(b) Sol. The Reserve Bank of India (RBI) board, which met in New Delhi, finalised a three- year roadmap to improve regulation and supervision, among other functions of the central bank. This medium term strategy — named Utkarsh 2022 — is in line with the global central banks’ plan to strengthen the regulatory and supervisory mechanism. S15. Ans.(a) Sol. Captain Aarohi Pandit, a 23-year-old pilot from Mumbai became the world's first woman to cross the Atlantic Ocean solo in a Light Sports Aircraft (LSA), thrilling her family, friends and aviation circles. She achieved the feat around midnight Monday-Tuesday (May 13-14) when she landed her tiny aircraft at Iqaluit Airport in Canada, after a gruelling 3,000 km long flight, under adverse and extreme weather conditions following take-off from Wick, Scotland (United Kingdom). S16. Ans.(a) Sol. E-commerce giant Amazon India is the most attractive employer brand in the country followed by Microsoft India and Sony India, says a survey. According to the Randstad Employer Brand Research (REBR) 2019, released Monday, Amazon scored high on financial health, utilisation of latest technologies and a strong reputation. Microsoft India emerged as the runner-up, followed by Sony India. S17. Ans.(b)

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Sol. HDFC Bank was ranked No 1 in India by customers in the 'World's Best Banks' survey conducted by

Forbes magazine.

S18. Ans.(c)

Sol. Deposits in bank accounts opened under Pradhan Mantri Jan Dhan Yojana (PMJDY), launched about

five years ago, have crossed the Rs. 1-lakh crore mark. According to government data, the total balance in

PMJDY accounts stood at Rs. 1,00,495.95 crore as on 03rd July 2019. The total number of beneficiaries is

36.06 crore in basic bank accounts under the scheme launched in August 2014.

S19. Ans.(d)

Sol. Pinaka is a multiple rocket launcher produced in India and developed by the Defence Research and

Development Organisation (DRDO) for the Indian Army. The system has a maximum range of 40 km for

Mark-I and 75 km for Mark-II, and can fire a salvo of 12 HE rockets in 44 seconds.

S20. Ans.(e)

Sol. Microsoft India partnered with The Ministry of Housing and Urban Affairs (MoHUA) to deploy

Microsoft's Project Sangam (cloud-hosted, mobile-first community learning platform) to train

functionaries and officers across India on Swachh Bharat e-Learning Portal.

S21. Ans.(c)

Sol. The Reserve Bank of India (RBI) has constituted a committee to review the existing state of mortgage

securitisation in India and suggest measures to deepen it. The mortgage securitisation market in India is

primarily dominated by direct assignments among a limited set of market participants on account of

various structural factors impacting both the demand and the supply side, as well as certain prudential,

legal, tax and accounting issues. The six-member committee on the development of housing finance

securitisation market, headed by Bain & Co Senior Advisor Harsh Vardhan, has also been asked to assess

the role of various counterparties, including the servicers, trustees, rating agencies, in the securitisation

process and suggest measures required.

S22. Ans.(a)

Sol. The World Bank has implemented the first full issue of public bonds via smart contracts utilising

blockchain technology. As a result, a complete securities lifecycle was

carried out using a private Ethereum blockchain – from placement to

the issuer’s performance of its obligations to investors, including

settlement. Commonwealth Bank of Australia (CBA) was the

organiser and main buyer of the issue of the “Bondi” bond, short for

Blockchain Offered New Debt Instrument, with a 2-year maturity

term.

S23. Ans.(e)

Sol. ICICI Bank has entered into an agreement with the BSE to buy

stake in its subsidiary INX - located at GIFT City Gujarat - for nearly

Rs. 31 crore.

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S24. Ans.(b)

Sol. FM Nirmala Sitharaman has announced the launch of a new space company, New Space India Limited

(NSIL), which will serve as the commercial arm of the Indian Space Research Organisation (ISRO) and

allocated Rs 10 crore to the new company.

S25. Ans.(d)

Sol. A'Centre for Disability Sports'will be set up at Gwalior in Madhya Pradesh. The proposal regarding

setting up of it has been approved by the Government.

S26. Ans.(b)

Sol. The G20 Finance Ministers and Central bank Governors Meeting was held in Fukuoka, Japan.

S27. Ans.(d)

Sol. Receivables Exchange of India Ltd (RXIL) was incorporated on February 25, 2016 as a joint venture

between Small Industries Development Bank of India (SIDBI)– the apex financial institution for

promotion and financing of MSMEs in India and National Stock Exchange of India Limited (NSE).

S28. Ans.(a)

Sol. The IFSC is an 11-character code with the first four alphabetic characters representing the bank

name, and the last six characters (usually numeric, but can be alphabetic) representing the branch. The

fifth character is 0 (zero) and reserved for future use.

S29. Ans.(e)

Sol. The government has set up an 18-member working group for the revision of the current series of

Wholesale Price Index. The revision of the base year would help in presenting a more realistic picture of

the price situation and its impact on people. The government has constituted a working group for the

revision of current series of WPI (Base 2011-12) under Chairmanship of Ramesh Chand, Member, Niti

Aayog.

S30. Ans.(c)

Sol. National Company Law Appellate Tribunal (NCLAT) was constituted under Section 410 of the

Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal(s)

(NCLT), with effect from 1st June, 2016.

S31. Ans.(e)

Sol. Sarada Kumar Hota has been appointed as the managing director

of the National Housing Bank.

S32. Ans.(d)

Sol. A model village has been inaugurated in Sri Lanka as a part of

housing project meant for civil war-affected people and estate

workers with Indian assistance.

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S33. Ans.(c)

Sol. ‘Pink City’ Jaipur made an official entry in the list of the UNESCO World Heritage sites and leaders

across the political spectrum welcomed the signal honour to the historical city.

S34. Ans.(b)

Sol. Former Reserve Bank Deputy Governor R Gandhi has been appointed as additional director on the

board of Yes Bank.

S35. Ans.(a)

Sol. The World Happiness Report 2019, which ranks 156 countries by how happy their citizens perceive

themselves to be, according to their evaluations of their own lives, was launched today at the United

Nations. The report was produced in partnership with The Ernesto Illy Foundation.

S36. Ans.(a)

Sol. The government’s flagship pro-poor scheme Pradhan Mantri Ujjwala Yojana (PMUY) has found

maximum success in Delhi, Goa, Haryana, Uttarakhand and Puducherry. These are the states with the

maximum percentage of beneficiaries who availed at least four cooking gas refills in the period between

May 2016 and June 2019. Telangana, Chhattisgarh and Tripura were in the bottom of the list. Delhi

topped the list of states with maximum percentage of PMUY beneficiaries availing at least four refills.

Delhi had 63,894 beneficiaries at the end of December 2018. Of these, 86 per cent or 54,695 availed at

least 4 refills. An average PMUY beneficiary in the national capital consumed 8 LPG refills in the three-

year period.

S37. Ans.(b)

Sol. The report's Gender Gap Index ranks countries according to calculated gender gap between women

and men in four key areas: health, education, economy and politics to gauge the state of gender equality

in a country.

S38. Ans.(c)

Sol. Trading of priority sector lending certificates (PSLCs) on the government's e-Kuber portal by banks

will attract integrated goods and services tax.

S39. Ans.(d)

Sol. Bharat Sanchar Nigam Limited (BSNL) has announced the launch

of its new Wings application in India on Google Play Store. As a part

of the introductory offer, the state-owned telecom operator is

providing one free month of free Wings service to its new customers.

S40. Ans.(e)

Sol. Persons resident in India as defined under Foreign Exchange

Management Act, 1999 are eligible to invest in SGB. Eligible investors

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include individuals, HUFs, trusts, universities, charitable institutions, etc.

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